Silicon Valley Bank and Kantox expand their partnership to provide currency risk management technology to US clients

Europe based currency management automation company, Kantox has expanded its partnership with US-based Silicon Valley Bank (SVB). With this expansion of the partnership, corporate clients of SVB in the US will be able to use the Kantox Dynamic Hedging solution to automate the management of their currency risk.

In May, U.S. Century Bank tapped NCR to transform digital banking while TAB Bank tapped Volante Technologies for real-time payments for its clients.

According to the press note, ‘SVB clients will be able to leverage a fully automated FX risk management solution that can help them to minimize risk, reduce costs and gain a competitive edge when operating across borders’ while with minimal human intervention, the integrated technology provides visibility into both macro and micro FX exposures and automatically offsets risk by booking, reporting and reconciling hedging transactions in real-time.

Kantox is a Currency Management Automation software provider that enables businesses to manage their end-to-end FX workflow and leverage currencies for growth. In the UK, the company is authorized by the Financial Conduct Authority.